Google, Apple May Stop Inspiring Bulls for a While

Wall Street bulls many need to start getting their inspiration from somewhere other than Google and Apple Inc.

While the broad market has struggled to find direction recently as investors have weighed central-bank stimulus against worries about global economic growth, euro-zone sovereign debt and the third-quarter earnings season, bulls could always look toward Google and Apple to help validate their optimism.

Apple and Google were the two biggest contributors to the S&P 500′s 5.8% surge during the third quarter, with rallies of 14% and 30%, respectively.

But now, a worrisome reversal signal in Google and Apple’s recent declines is warning that bulls better start looking elsewhere for inspiration.

It’s like those tech giants are now saying to the stock market what Bud Fox, Charlie Sheen’s character in the movie “Wall Street,” said to a colleague looking for a stock tip: “I’m sick and tired of playing wet nurse to you all the time, alright? Will you do your own homework, Marv?!”

For those of who don’t know how Marv, played by John McGinley, responded to Bud Fox, it wasn’t clean.